ETN Technical Analysis Society

You seem a little more upbeat Winky… good to see :+1:

As you say, the catalyst last time was; a) the insta-pay and b) think it was the first time the price had pulled back to ICO of roughly $0.005. The catalyst for the last pump seemed to be price, in as much as it had dropped all the way to lowest ever price of $0.0018, or thereabouts. As my old grandad used to say… if it gets any lower, it will drop off the coupon!

What will be the catalyst this time? Not the lowest ever price we have had and the double halving has come and gone, (had a bit of a run up to 72 before dumping to where we are now). You still think we need to get to roughly $0.004 before a reaction?

I would be chuffed if the charts play out, but we see so many of these for ETN that come and go.

Anyone else have any thoughts?

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I’m still holding my thumbs that we will see 0.0045 USD before we can attempt to fulfill leg 3-4 and 5 on the weekly frames.

The reason for why i WANT to see it is because then I have successfully called the peak, retracement bottom,retracement peak and the bottom for the continuation of the run. :smiley:

Looking at my above post, you can see also that the triangle formation is ending pretty spot on at 0.0045 USD which is my MAIN target for pullback. A lucky scenario for buyers they can see a wicker in 0.004, but the fact that we have actually left the triangle and just trailing it downwards since tells me that we are not finding good momentum yet, we can expect a decent wick to the downside. Would we have remained within the triangle still the wick would have probably been a full closed bar instead.

I will try and find some pictures that tells you in more specific why I have been bearish for so long.

Summary

https://aws1.discourse-cdn.com/business4/uploads/electroneum/original/3X/f/9/f991758cc561ea44266aab671875275f48448e22.png

Summary

https://aws1.discourse-cdn.com/business4/uploads/electroneum/original/3X/e/b/eb3b84daad7187b4bff3af815abd5344ac35602c.png

This picture tells us exactly why there is such a huge struggle to break up here. Look at this resistance. Years upon years of resistance and we’re riding it right now.

Summary

https://aws1.discourse-cdn.com/business4/uploads/electroneum/original/3X/8/4/843b0d3f9d5dea89fe46f96099adfe161ee62053.png

I keep so many pictures so I really couldn’t find what I’m searching for, had some extemely detailed pictures. But luckily I could find atleast some minor ones from a PM discussion I had with someone :slight_smile:

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I hope your last two calls come to fruition, (bottom at 0.004>0.0045) and run above the insta pay pump, which is memory serves me was around 0.025 - but I will be more than happy with 0.002 :wink:

This is ETN though, anything can happen :roll_eyes:

Thank you for the analysis.

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Definitely anything can happen. Nothing is written in stone. Do I think we will get a leg 3? Yes.
Am I depending on it? no.
Do we deserve it? yes.
Am I expecting it? honestly, I was bomb secure we would rocket off 0.0045 when we got there again.
But as per usual, the longer the market drags out, the more you doubt it.
So as per emotional feeling Im thinking down more more more.
Emotional feelings usually doesn’t come to fruition though.

We are definitely oversold no doubt about it.

Not financial advise :smiley:

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What if we are still in Wave 2 (initially thought we broke out of Wave 2) correction in ETN/USD ? We may go up to 0.0042 that someone called out already in this thread. Basically we shot up in less than 3 weeks and we take around 3 months to correct.

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New trading competition on BIKI !! Hold on to your hats everyone… ETN already started selling off on Kucoin :pensive:

I had a buy order in but have withdrawn that for now :grimacing:

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Isn’t this the same exchange that had the worst out of all pumpeitions last time we we’re listed there?
Ah well, atleast we might see some washtrading volume get up in the millions again ^^

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It was a brand new exchange for ETN about 6-months ago. It only had the USD pair. It had a zero pump effect and a negative impact on ETN’s price.

Yeah I know it had 0 effect on the price, luckily since it was only a couple friends washing with themselves. It certainly had a bunch of volume and same orders going in and out repeatedly after each other…
But I wonder, why we’re we delisted in the first place and then again relisted.

I don’t follow Winky, delisted from where? We initially only had a USD pairing on BIKI, now they have added a BTC pairing.

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I had noticed the pairing didn’t show on coinmarketcap a couple weeks ago which made me think we we’re delisted then, without actually looking it up further then so. :smiley:
But aah I see, good to know.
Thanks!

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We’re looking to retake some momentum on the lower framed chart, potentially breaking us up into 0.0054 regions.
But so far we’re looking for a breakout and confirmation with some uptake in volume.
RSI seems to support the move.

But let’s see first and foremost we have to get out of the triangle. And even only a fakeout could be hard to trigger.

A while later, 15 minute chart is currently supporting the move. But it’s a qutie irrelevant timeframe.

Summary

Not trading/financial advice.

PS:Biki ETNBTC pairing has just went live. Currently “trading” for 0.27 USD

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Also ETNUSD biki is “pumping”

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Funnily enough, ETNUSD on biki has doubble bottomed on my particular 0.0045 ^^
Maybe, just potentially maybe?
They should really add the pairing again back on CMC, coingecko etc.
Even if it’s low volume the average is 350k ETN traded daily since it’s inception on the exchange.
1D chart

Summary

Update again on the “trade” spoken of above.

15 min chart again
We are confirming that we want to leave the triangle in multiple fronts,
volume is rising
RSI support
Backtest of the resistance was rejected.

Summary

We still need this to flip into the hourly chart aswell before we can even remotely start thinking about popping the champagne and ordering Cybertrucks and roadsters :smiley:

Not trading/financial advice.

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Personally I would like to see the 1 and 200 EMA’s below the price and price breaking into and above the cloud. We are under on lower time frames and just into on the daily and slightly more so on the weekly.

I think we could be just days away, ordinarily, BUT now we have the trading competition starting this evening and all recent competitions have damaged the price. Hopefully this one will be different!

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Winky… I do believe you are starting to FOMO, lol

In fairness, there is almost ZERO volume and trades on BIKI at present and what trades are happening are for just a few hundred coins at a time.

Me, I am resisting the FOMO for now :stuck_out_tongue_closed_eyes:

Edit: Make that a triple bottom on the ETN/USDT pair at $0.0045

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Yeah price action on BIKI should be fairly ignored IMO, as of now atleast.
I would be treating any FOMO with very caution lol.
When we start closing some monthly candle(s) in a bullish trajectory, I just might be feeling some FOMO spirits again.
Atleast in the very bare minimum the daily chart has to be in a bullish trajectory with some multiple confirmations.

But most likely though, whenever we go daily bullish again, we’re probably gonna get bought out so quick again that it would appear as a “pump and dump”.

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Hey guys please look at this ! it looks crazy i know :rofl: but in a TA looks clear ( ETN/BTC weekly chart)

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Crap already ordered a cyber truck :face_with_hand_over_mouth:.
I hope this isn’t like buying a generator or snowblower :joy:.

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So we broke the multi month downtrend ? Volume yet to pick up. So beware.

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WHAT happened just now??? WOW… go you good thing :slight_smile:

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